June 12, 2024 · Form 4 insider transaction
Lynch Jyoti A. sold 1,538 shares of Red Robin Gourmet Burgers Inc at $8.18 per share, a transaction worth $12.6K. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 2 days after the transaction.
In connection with the vesting of 6,318 time-based restricted stock units that were granted on June 12, 2024, as a one-time award grant subject to all the terms and conditions of awards granted under the issuer's 2017 Performance Incentive Plan, as amended, the issuer withheld 1,538 of such shares to satisfy tax withholding obligations. The transaction was approved by the issuer's Compensation Committee in accordance with Rule 16b-3(d)(1) of the Exchange Act (the "Act"), and as such, is exempt from Section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated thereunder.